Our goal at Bill Fair and Company is to obtain the highest price possible for real estate and capital assets. We accomplish this by providing our clients with marketing campaigns and product presentation crafted specifically to promote their individual projects. Our efforts excite serious buyers and end users to prompt response. Our time frame for action is immediate.
Superb location in Piney Point on an oversized corner lot on two cul-de-sac streets. Home provides gorgeous views of pool and professionally landscaped grounds. Spacious rooms including a large island kitchen and living area with floor to ceiling windows. Large master suite has a sitting area that opens to the pool and a marble bath with vanity. Beautiful hardware and chandeliers throughout home. Custom shutters in dining and formal living rooms. Wonderful floor plan. Customize your updates!
Auction is being managed and conducted by Clay & Company. For more details please see http://www.clay-co.com/shadowway.html
Auction Terms
AUCTION TERMS AND CONDITIONS
This auction is being conducted by Clay & Company
Clay & Company is open Monday through Friday from 8:30 A.M. to 5:00 P.M.
Address: 9821 Katy Freeway, Suite 1025, Houston, TX 77024
The auction will be April 22, 2009 at 2:00 P.M. with registration from 1:00 P.M. to 2:00 P.M. Pre-registration is also
available. The auction will be held On Site at 11418 Shadow Way Street, Houston, TX 77024.
Open House Inspection Hours
Sunday, April 5, 2009 1:00 PM to 4:00 PM
Saturday, April 11, 2009 1:00 PM to 4:00 PM
Sunday, April 19, 2009 1:00 PM to 4:00 PM
or by appointment
Bidder Packages
An information package (as amended or supplemented) for the property to be sold at auction may be obtained by the
prospective bidder. A Bidder’s Package may contain the following types of information regarding such property: (a)
Survey, Site Plans and/or Tract Maps (b) Property Tax Information (c) Preliminary Title Commitment, as available (d)
Sample Purchase and Sale Agreement.
These packages are not designed to replace the bidder’s own due diligence efforts with respect to auction properties.
AUCTION REGISTRATION
Registration is necessary to be eligible to bid. Pre-registration is available at www.clay-co.com. Registration
will begin at the Auction site one (1) hour prior to each Auction. A certified or cashier’s check in the
amount of $10,000 must be presented on auction day in order to complete the bidder registration process.
Checks should be made payable to Clay & Company. Only a successful bidder will be required to surrender money at
the Auction.
Absolute or Reserve Sale
Absolute: Those certain listed properties which will be sold to the highest bidder regardless of price.
Reserve: Those certain listed properties which will be sold to the highest bidder subject to the high bid reaching
the stated reserve price. Further, those certain listed properties wherein there is no disclosed reserve
and the high bid price is subject to the Seller’s acceptance.
Auction Day Deposit ($10,000)
Each registered bidder will be required to have a $10,000 cashier’s check or money order to complete registration and be
able to bid. No cash will be accepted!
Successful Bidder Requirements
The successful high bidder on each property will be required to sign the Earnest Money Contract immediately upon
conclusion of the bidding verifying the amount bid and the property purchased. The successful high bidder will endorse
a certified or cashier’s check to the Seller or Title Company in the amount of ten percent (10%) of the total purchase
price. The sale will close within 30 days of date of the auction.
Auction Offering
Properties are sold “As Is, Where Is” with all faults, with no warranties or representations whatsoever, expressed or
implied, including, without limitation, as to condition, fitness for any particular purpose or merchantability, compliance
with government laws, ordinances or regulations.
Auction Procedure
The information contained in this package and all related materials are subject to the terms and conditions of the
specific Purchase and Sale Agreement and the terms of sale as specifically described in the Bidder Information Packet.
These properties are being sold on an AS IS, WHERE IS basis with all faults. Your complete inspection of this property
is recommended. Announcements made by the Auctioneer on auction day will take precedence over all printed
materials. Conduct of the auction and increments of bidding are at the discretion of the auctioneer. Seller and
auctioneer reserve the right to refuse admittance to or expel anyone from the auction premises for interference with
auction activities, creating a nuisance, canvassing, soliciting or other reasons deemed necessary by the auctioneer.
Auction Information Offices and all licenses employed by or associated with Auction Information Offices represent the
Seller in the sale of these properties.
Broker Participation
A 3% commission will be paid to the licensed real estate broker whose prospect pays and closes on the property. To
qualify for the commission, the real estate broker must:
(a) Be a licensed real estate broker who (i) is not prohibited by law from being paid such commission, and (ii) who
will abide by the National Association or Realtors Code of Ethics.
(b) Register as buyer’s broker PRIOR to the start of the auction.
(c) No broker will be recognized who has not registered with a prospect before the start of the auction. Neither
Seller nor auctioneer is responsible for delay or failure to meet the deadline.
(d) Attend the auction with the prospect(s).
A complete registration file on all prospects will be maintained. No broker will be recognized for a prospect who has
been previously contacted by the Seller or its representatives. Commissions will be paid upon closing by the Seller. No
commission will be paid by the Seller if the broker or member of his/her family is participating in the purchase of the
property as a principal and an affidavit will be required that the agent is serving only as a broker and not as a principal.
There can be NO EXCEPTIONS to this procedure.
IF A COOPERATION BROKER HAS NOT MET ALL OF THESE REQUIREMENTS, NO COMMISSION WILL BE
PAID TO THE COOPERATING BROKER, EVEN IF THEIR PROSPECT PURHASES THE PROPERTY.
Disclaimer
The information contained herein is subject to inspection and verification by all parties. No liability for its accuracy,
error or omissions is assumed by the Seller or its agents. ALL ACREAGE, SQUARE FOOTAGE, DIMENSIONS AND
PROPERTY DATA ARE APPROXIMATE.
Any of the properties listed may be withdrawn or modified without notice at any time.
Announcements made at the auction take precedence over all other advertising, promotional/publicity statements,
Bidder’s Packages (as amended and supplemented) or other materials.
Auction Registration Form
Registration is necessary to be eligible to bid at a Clay & Company auction. A certified or cashier's check in the amount of $10,000 must be presented on auction day in order to complete the bidder registration process. Checks should be made payable to Clay & Company. Only successful bidders will be required to surrender money at the Auction.
Clay and Company recognizes that your privacy is important. We will not share, rent or sell information collected through our Website.
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